The following units of an item were available for sale during the year:

Beginning inventory	26,000 units @ $47
Sale	15,201 units @ $73
First purchase	39,000 units @ $48
Sale	30,341 units @ $73
Second purchase	30,000 units @ $49
Sale	21,412 units @ $75

The firm uses the perpetual inventory system, and there are 28,046 units of the item on hand at the end of the year.

a. What is the total cost of the ending inventory according to FIFO?

b. What is the total cost of the ending inventory according to LIFO?